IADA members noted that the anticipated slowdown due to geopolitical tensions and the ongoing election cycle had less impact than expected. [Courtesy: Pilatus Aircraft]
Key Takeaways:
The International Aircraft Dealers Association (IADA) Q3 2024 report indicates a robust market, with new acquisition agreements up 22% year-over-year and closed deals reaching the highest Q3 volume since 2020.
The market is experiencing a "resetting of value expectations" after post-pandemic highs, leading to an increase in reduced-price listings, but buyers are effectively absorbing the rising inventory, often at slightly lower pricing.
Despite geopolitical tensions and election cycles, market activity exceeded expectations, particularly in midsize and light jet segments, with a recent drop in interest rates contributing to renewed buyer interest.
IADA members anticipate a healthy and active fourth quarter, with buyers gaining slightly more influence in the market and days on market stabilizing below the 10-year average.
The International Aircraft Dealers Association (IADA) released its third-quarter market report for 2024 on Monday analyzing the current aviation marketplace.
The full report, available here, stated that IADA dealers and brokers collectively account for over half of all transactions worldwide.
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Caleb Revill is a journalist, writer and lifelong learner working as a Junior Writer for Firecrown. When he isn't tackling breaking news, Caleb is on the lookout for fascinating feature stories.
